Costamare and York Capital firm up two 9,000 teu units at Hanjin Subic Bay

The New York Stock Exchange-registered Costamare Incorporated and its investment partner York Capital have placed firm orders for two 9,000 teu vessels at Hanjin Subic Bay. The companies therewith converted the first two out of a total of ten letters of intend and options which Costamare and York had placed in June.

The vessels are believed to be compact wide-beam ships of 300.00m x 42.80m, scheduled for delivery in September and October of 2015.

It is not known if Costamare and York Capital were able to secure initial long-term charters for the ships or whether the vessels have been ordered speculatively.